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. >> the rising cost of sandy, one major risk modeling firm now says the economic losses from the storm could reach $50 billion. >> and china steps insecurity ahead of next week's com you uhe nis party congress. even model airplanes have been grounded. if you're just joining us, very good morning to you. this is where we stand. we are at the moment dow 24 points below fair value. let's show you where we is an with you're feuropean stocks. cac down half a percent, ftse 100 down 0.2%. let's show you some individual stocks in focus. losses on friday hurt by a sector wide slump. equipment maker cutting back spending down as you can see merely 7%. rbs coming out with results this morning. this is the uk bank with a government owned majority and part nationalized lending reporting an increase in third quarter. deutsche telecom considering slashing it dividend according to reports. let's show you where we stand on the currency markets. the dollar today ahead of the u.s. jobs report. we'll show you sterling-dollar slightly weaker. dollar slightly firmer against the aussie. and dollar firmer against t
sandy. what you can learn to protect yourself from future natural disasters. and, is apple's break-down causing some market jitters? first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, november 9th. i'm angela miles. in today's first look: it's another downer for the stock market. the dow tumbled more than 100 points yesterday, falling to its lowest level since july, mostly due to uncertainty about the future of the u.s. and global economies. groupon shares fell 13% after the close on earnings news. revenues were up, but the coupon company had a net lost of nearly 3 million dollars. profits were up at disney thanks to espn and growth at theme parks. and priceline is set to buy online travel company kayak for $40 per share. how low will this market go? ben lichtenstein of tradersaudio.com joins us. good morning to you. happy friday. but is this a buying opportunity here? > > i don't think so. i think basically if you try and step up right now, you're kind of trying to play "catch the knife" if
kernen and andrew ross sorkin and today mark as full week since sandy battered the northeast. mass transit and power lines are slowly coming back. here is fema's administrator. >> this will not be done in a year. this is a long term commitment. >> gas lines still stretch for miles in many parts of the new jersey area, but officials say that more fuel is moving in. >> there will be more of a supply of again and more of a distribution. >> this morning we are searching for solutions asking what can be done differently to make sure everything from gasoline shortages to mass power disruptions don't happen again. our kate kelly will join us from new jersey in just a moment. also among our guests, john ike burger of the national association of convenience stores. his members sell 80% of all the gasoline in the united states. now making the cleanup and recovery even more difficult, we have forecasters warning that a harsh nor'easter is on the way. we'll have a live report from the weather chan nenel in 20 minutes. amid all the problems is tomorrow is election day. the candidates are making
polls open up overnight. while the effects of superstorm sandy disrupt the vote in many areas, millions remain in the dark and cold without power as a new storm bears down on the northeast. captioning funded by cbs >>> good morning, everybody. i'm glad to be with you. i'm terrell brown. at least 120 million americans are expected to vote today in an election driven by record spending and even now, the outcome is up in the air. looking at the last gallup daily tracking poll of likely voters, president obama and mitt romney are separated by just one percentage point, a virtual tie. we have two reports this morning. randall pinkston is covering the romney campaign in boston. we begin with bigad shaban. >> reporter: president obama is spending election day in chicago. he cast his ballot there during early voting almost two weeks ago. the president wrapped up his campaign in des moines last night, just steps away from his iowa headquarters during his first presidential bid in 2008. >> are you fired up? >> reporter: president obama made one final plea for votes in the critical battleground st
sandy, and phil flynn is in the trading pits for the cme for us, and what's pushing oil today, phil? >> well, you know, i think a lot of things, but more than anything, there's a pop up in the crude contract increasing geopolitical risk, al-qaeda attack on the yes , ma'am -- yemen border, and they are there giving a market a boost, but the products rebound after getting crushed on friday. in a weird way, i guess we got to be happy about upcoming gasoline prices because it could be a sign things are getting back to normal in the northeast. price crushinged because -- crushed because of demand. that's given us a rebound in that market. heating oil, of course, the proxy for jet fuel slammed. it got hit harder than any of the oil products. it's coming back a bit as well. all in all, the market being up a little bit, maybe a sign demand could come back as soon as they start to get power to everybody on the northeast. back to you. >> interesting. thanks so much. >> thank you. >> well, the president and governor romney criss-crossing the country in a last minute blitz, no surprise. they w
are surfacing about people trying to profit on superstorm sandy by selling gas for as much as $20 per gallon including on craigslist. and finance ministers and central bankers of the g-20 are commiting to stregthen efforts to hold up the sluggish global economy. let's get the feeling from the trading floor with john brady of rj o'brien. happy election day to you. what do you anticipate will happen in market action? > > i think today will probably march sideways. i think most of the attention will be on tonight and maybe the early morning hours tomorrow as regards the election races. now, it's not just the presidential race that will have the markets focused. keep in mind there are 34 senatorial seats that are likewise up for election, and as markets start to look ahead toward the fiscal cliff, which will start wednesday or thursday, as soon as these results are announced, then equations and challenges regarding the fiscal cliff need to be weighed by the market, and that will be the next big trade for the market. > > i think another big wave would be greece, with this new threat of a possibil
will update recovery efforts following super storm sandy and explain how kevin harvick's race car got damaged before he even got behind the wheel. "good morning, washington" at 5:00 a.m. starts right now. captioned by the national captioning institute --www.ncicap.org-- >> it is 5:00 monday november 5. >> rise and shine. we will get to jackie. >> a cold start this morning. temps around freezing in a few areas. but it looks pretty good out there. looking at the live picture. temperatures are 41 right here. 43 at reagan national. 40 at dulles. 37 in call -- culpepper and petersburg below freezing. 40 degrees is above the freezing market in terms of warming. not all that warm overall when you look at highs in the upper 40's, around 50 and high should be in the low to mid 60's. we will get some sunshine by this afternoon so you have to look at it with a before spin. over to traffic with jamie. >> a positive spin on the traffic. a lot of construction overnight in the tysons area on the beltway near 123, route 7, braddock road all wrapped up and projects on metrorail, toll ro
decline in shares since they hit the record high of more than 700. >> recovery from sandy continues. manhattan gets power back and most subway service is restored although millions in the region have no power or heat with tens of thousands this morning homeless. >> we'll begin with a big week for the market. first up tomorrow's presidential election in this country. polls show the race between barack obama and gop challenger mitt romney to be a dead heat. on wednesday the greek parliament is due to vote on a package of austerity measures and then china's congress convenes for once in a decade leadership change. that's not evening mentioning ecb. there's been some that have said this is potentially the highest concentration of risk of the entire year. >> i heard this. it's embarrassing to hear. what's happened the whole time is there are managements that have made money during this period and managements that have failed and models that have made money and models that have failed. i spent a lot of time this weekend going over the last five years of stocks. what i find is that you hav
>>> it is the last thing we need, people slammed by sandy now dealing with a nasty new storm of gusty winds, rain, and snow. >> compromise or confrontation? both sides in congress promise to work together to head off fiscal disaster, even as they disagree over how to do it. >> and up in the air. we're going on two days now since the election with several house races still too close to call. it is not over yet, everyone. good morning. welcome to "early start," everyone. >> nice to have you with us. it is 5:00 a.m. in the east. up first, we're going to start with mother nature. she is showing absolutely no mercy. this morning the northeast is getting rocked again. it is a powerful nor'easter pounding a region already devastated by superstorm sandy. 600,000 people without power for nine days in new york and new jersey. some forced to evacuate or hunker down overnight in the face of 60 mile an hour winds, two to four foot storm surge and a half foot of snow. more than 1,000 flights were canceled in new york and philadelphia. the path train between new jersey and new york is back
slows down, u.s. exports may follow suit. hurricane sandy showed up in the latest report on jobless claims, making them artificially low. initial claims for unemployment benefits dropped by 8,000 to a seasonally adjusted 355,000 at the end of last week. the number is expected to be revised higher as more data is collected. the labor department says one state filed fewer claims because of power outages, while the storm boosted claims in other states where more people looking for relief. later in the program, we'll look at sandy's impact on retailers. >> tom: the biggest bank in america has the okay now from uncle sam to pay back shareholders. jpmorgan will be allowed to restart a stock buyback plan early next year. like all systemically important banks jpmorgan has to get regulatory approval to change its dividend or stock-repurchase plan. the regulators want banks to have enough financial firepower to withstand troubled times before the banks will spend money on share holders. jpmorgan's buyback strategy was suspended this year after it lost $6 billion when aderivave trading strateg
. new star has had to get a little bit creative because in the aftermath of hurricane sandy, they and others like them have had to do the best they can to accommodate their customers after damage and marine terminals that in many cases cannot be used. about a mile down the road nustar's facility has been damaged by the flood, battered by tidal surges, filled with debris and they're still working on that. other terminals in this area are in similar spots. as of today, at least a half-a-dozen of them are fully or even partly running. including facilities run by bp, hess, and phillip's 66. these locations provide a crucial link between refineries who make the products and the airports and gas stations that distribute them. but as these get rehabilitated, electricity outages in this area remain a major problem. some of the operators have told me they're a little bit baffled by the fact that they are resupplying on a steady basis, yet there are still huge fuel lines snaking but the region. the only thing they can think of is there is not enough power at gas stations to get that f
talk about the october surprise before the elections. this year maybe it was super storm sandy. in china, it seems to be the emergence of the one seen behind of scenes as pulling the strings here. you can explain to people why we're suddenly talking about him and what his importance is? >> even though the people's republic is 63 years old, they don't really have a system in place for succession. mao was leader for life until he died. and then his successor was again a strong man, he was not the president, not a prime minister, not a party general secretary, but he was the ultimate leader. and he decided that min would take over after him and then hugh engine you take you. thousand he's gone. there's nobody around, nobody from the first generation could decide who the next leader will be. so it's the current generation of leaders who have to decide for themselves how they will be succeeded. and this is a totally new experience for china. >> and it's also an experience that the rest of asia is watching very closely. as you say, despite the global media attention very much big on
saw the special animation . >> steve: haven't heard about this. >> gretchen: hurricane sandy sequel dumping snow, wind and ice on people who have no power, heat or water. but help is not on the way. fema is closed due to weather. are you kidding me? >> steve: a big win for president obama leading to a drop if your 401 k. wall street gets hit hard . the investors fear it is the worst to come. so far it is a cheering show. >> brian: let's see what i got. the president promising bipartisanship . harry reid has his dancing shows on. we'll explain. "fox and friends" starts right now. ♪ ♪ "fox and friends". >> gretchen: were they ballet shoes or tap shoes. >> steve: a line dancer. >> brian: boxers can slug and dance. he said i can do both. he prefers to dance. >> steve: we'll tell you about harry reid who is ready to do fighting or dancing . and first it was sandy and now it is snowing. >> brian: i would like to know a storm without a name. >> gretchen: it is call would snow . mother nature playing a cruel trick on people without power. new york, new jersey, with rain, sleet and snow.
maintained its 2012 targets despite super storm sandy. we'll speak to the cfo. >> plus coming up we bring you your very own blockbuster. [s #. >>> china releases improved economic data for october on the second day of the communist party congress. beijing inflation continues to cool. >> allianz maintains its full rear target despite super storm sandy on the back of solid quarterly results. we'll hear from the cfo. >> luxury goods make ir announces two ceos but admits to slowing asian sales. >> and credit agricole pays a steep price to exit greece as it takes a hit on the sale to alpha bank. >>> britain's trade deficit narrowed a little bit more than expected in september. third quarter construction up, but also falling by an amount similar to earlier estimates reduces the chance of a downward revision to that strong third quarter gdp number, as well. so official data showing britain's deficit shrinking to 8.4 billion pounds in september. it was 10 billion pounds in august. the quarterly trade graph closed, as well. just for the record, economists were forecasts september goods deficit of 8.9
foods, purveyors of organics to be elites a superstorm sandy will hurt sales. i bet the latest nor'easter won't help either. how much down is holding? nicole: it is down 4% on a day we are virtually flat but looking at whole foods coming under pressure coming out with numbers and basically saying superstorm sandy is disrupting the shopping pattern. you think? pretty much. that is sort of obvious, they are not running whole foods, but the company did reiterate profit and sales forecast for 2013 at a 40% increase in quarterly dividend. those things sound good. stuart: governor cuomo of new york and mayor bloomberg of new york city both say all these storms other results of climate change and i am personally absolutely convinced that whole food shoppers agree with them. >> i would say whole food shoppers are probably in line, who knows? whole foods open around to go there twice. [talking over each other] stuart: your time is up. dow jones industrial average up three points in the early going. actress and the ten days ago, back in the dark. a nor'easter swept across the tristate region
homes. >>> still recovering from super storm sandy, residents in new jersey and new york are now being hit by a nor'easter. the heavy, wet snow took down power lines and made the evening commute a pretty dangerous one. >> more than 1,000 flights have been canceled at area's airports and the nation's largest commuter railroad came to a halt. central park picked up 4 inches of snow, which is a record for this date. >> biggest one, ocean county, new jersey, got a foot of snow. pretty big storm. >> you love snow too. >> no, wake me when it is april. the storm is moving into new england making for what is likely to be a messy morning commute. >> with more on the track of snow and rain we are jind by accuweather meteorologist jim dickey. good morning, jim. >> good morning, rob, paula. the effects of the nor'easter. it is rolling out and weakening. this morning we will see conditions improve, new york city down through pennsylvania. storms over in the mid-atlantic. sunshine for the day in fact. dealing with snowfall. massachusetts on northward. inland, in maine, then rain stays steady and hea
sandy, looking at stocks like weyerhaeuser, looking at stocks like beacon roofing, folks are going to benefit maybe over more intermediate term from sandy. i think that's where a lot of investors will turn especially if we don't get a romney victory, again, romney, we believe at least a general consensus will be good for equities at least in the short run. liz: let me get away from the traders. i know you are so busy. we are too. let's get to the election and we will talk about that in a minute. as you see jared brilliantly segued for us there. should you be making last minute changes to your portfolio? are you buying and selling? hold off for a second. thesis fund management ceo and portfolio manager joining me for the last hour of trading. you get sort of an extra punch of legitimacy because you run a long short fund so you love certain things, you hate certain things. but are you doing anything with your fund in advance of the election? >> no, liz, we're not trying to handicap the outcome of the election. what we do is focus on securities that are misvalued, but long and short.
is already in the northeast because of sandy. officials say they are working around the clock. teresa garcia, cbs news, rockaway beach, new york. >> now remember at the height of sandy there were nine million people without power. they sure don't need this. hundreds of flights were canceled and even travel waivers were given before the latest storm came out. that's because last week hurricane sandy damaged the computer landing systems in new york and new jersey. they help planes land in low visibility. for even future weather on bad days expect cancellations and delays in the region until the problems are fixed. >>> after tuesday lots of questions about the future of life in maryland were answered. the passage of question 7 clears the way for table games and a sixth casino in prince george's county. yesterday, the maryland lottery gaming and control commission said rules for table games could be in place by the end of the year. they also said casinos could start adding them early next year. but that new casino in prince george's county. it probably won't be a reality until 2016. on the issue
if the media pecked tup. but hurricane sandy came along. >> gretchen: they were not covering it more. >> steve: they had stuff in the washington post and daily beast and mr. lakey is after it, but we may never know what really happened. and the other big story hurricane sandy turning more deadly . death toll at 90 can that number could climb. four and half million people are still without electricity. most of them in new york and in new jersey. one of the hardest places hit was staten island, new york. flood waters fill would homes and strong winds ripped the homes off of foundation and there are bodies in the water and have you seen fema out there? anais live this morning. >> good morning to you steve. we are in staten island and you can see hurricane sandy's storm surge pop the boats up and put them on cars and toppled street lights and now they are blocking . debris in the folks lawns. aid has been super slow to come. hundreds of people are still in shelters and once those close, they will not have anywhere to go. >> 42 years, i had my home, and that monster -- it took it the >> i have no w
, >>> this morning on "world news now" -- more misery for areas hard hit by and still reeling after sandy. >> a snowy nor'easter is dumping up to 10 inches of snow in the new york area making for some real problems this morning. it's thursday, november 8th. >> announcer: from abc news, this is "world news now." >>> welcome everyone. adding insult to injury, snow on top of all of the destruction from sandy. just what this area of the country did not need. good morning, everybody, i'm paula faris. >> good morning, everybody, i'm rob nelson. our nor'easter coverage is up first. >>> also this half-hour, freed after nearly four decade in prison for murders he says he did not commit. the story of a newly freed man also coming up in this half-hour. >>> then, the question -- is the shine off of apple. practically everyone has an i-something. but the company stock is sliding and plenty of people want to know what is wrong with the once mighty tech giant. did you ever think you would hear stock sliding, apple in trouble? >> i think financially they're okay. >> think they are. >> a bunch of guys who knew what t
by last week's superstorm sandy. tens of thousands of homes and businesses lost power along the east coast from the carolinas to new york on wednesday, joining the more than half a million customers who still remain without power in sandy's wake. concerns were raised the storm could relief -- threatening relief effort in some of the hardest-hit polls. meanwhile, the death toll from superstorm sandy in the u.s. and canada has risen to 121 after the death of an elderly man who was found unresponsive at the bottom of a wet and dark stairwell in rockaway, queens freed on wednesday, new york city mayor michael bloomberg warned sandy may have weakened defenses against potential flooding. >> because of today's storm, coastal areas face a risk of some flooded into 6:00 a.m. tomorrow morning and the national weather service warns there could be some major flooding in spots already eroded by sandy. the difference here is the barriers of sand or rocked that were there before perhaps are not there. we have not and will not order the large-scale evacuation we did in advance of hurricane sandy, but if y
of this country's secrets. >>> and sandy sales. while thousands of victims struggle in the aftermath of hurricane sandy, the damage brought on by the storm is giving one industry a boost. captioning funded by cbs good morning, everybody. good to be with you. i'm terrell brown. this morning, one of america's highest ranking military leaders has been caught up in the investigation that led to the resignation of cia director david petraeus. general john allen is the top u.s. commander in afghanistan. allen is under investigation by the pentagon for alleged inappropriate communications with jill kelly. she's the tampa, florida, woman, who is said to have received threatening e-mails from petraeus's mistress. a pentagon official says allen and kelly exchanged up to 30,000 communications between 2010 and 2012. it's unclear if they were involved in sexual matters or classified information. allen will remain the u.s. commander in afghanistan for now. but these latest developments only serve to widen the scandal that has gripped the nation's capital since friday. tara mergener is in washington with more.
had trying to help the northeastern united states come back from hurricane sandy. >> i talked to people in the utility industry because i have a lot of people on. there's a lot of feeling that the politicians are going to really come down on the utilities after the smoke clears here. i'm hearing it from high level people in the utilities saying no matter what we do, easy times for stockholders could come to an end. >> there's no rule from god that con ed or whoever has to be the utility in any part of the country. >> something to watch. that group has been strong. it's been viewed as an unregulated group that used to be under the jacket of regulation. it could come back. >> many have dividend yields that are significant in these low yield times so they are attractive for that. con ed says it isn't going to try to assess what costs are going to be. >> if you're a politician, they're an easy pinata. red cross, no. con ed, yes. >> more on your money and your vote. we'll get you the opening bell. ralph nader was a third-party candidate in the 2012 presidential election. we'll ask
it out for sandy and now new york and new jersey residents bracing for another storm. why they say they wouldn't be leaving town this time around. >> so much for the warm temperatures. it is back to cool weather and now we have the prospect of some rain. we'll talk about that coming up. ,, ,,,,,, ,, ,,,,,, elec >>> it appears the so-called war on women spurred a lot of wins for women in yesterday's election. women will occupy a record number of senate seats at the start of next year. cbs 5's cate caugiran joins us live with more on that story and reaction from one of the longest serving women in washington, san francisco's own dianne feinstein. cate. >> reporter: good afternoon, frank. now, thanks to california voters, senator feinstein will continue on to a fourth term. she will be joining 19 other women in the senate and that's breaking last year's election record. >> more women are running. and more women are getting elected. and the options are opening, and you know, the glass ceiling begins to crumble. >> reporter: the popular former san francisco mayor won boy a wide margin a
. a tree crashed into his home during superstorm sandy forcing out him and his family and he's hoping what he's learning trying to rebuild will help others. >> reporter: i'm learning a lot about how to come back after a huge tree nearly destroyed my home and i'm hoping what i've learned is going to help some other people. a week ago i lived in a forest of tulip poplars, but all around the neighborhood now the chainsaws are buzzing, the cranes are lifting the logs out of people's backyards. my neighbors are all scared that what happened to me might happen to them. so they're taking out this tree now. later in the afternoon this one will come down. luckily my wife had decided to ride out the storm down in the basement because this was my bedroom. this crisis has convinced me that my friends and neighbors are the best ever. they helped me move into this house just a few blocks away. my wife and my kids and i are all thinking that this sunroom is going to be a really nice place to spend the winter. in bethesda, bruce leshan, 9 news now. >> we will keep checking in with bruce as he rebuilts hi
in parts of queens, new york, an area averaged by flooding and fires by hurricane sandy, they are learning they may not have power until after thanksgiving. david: this is dire situation and getting worse. forcing new york city's mayor to call upon the national guard for help. liz macdonald is joining us live from belle harbor all day with the very latest. this is an area hit very hard. liz, what is the latest? >> that's right, david and sandra. the national guard was taking along with paramedics doing door-to-door search and rescue operation to pull people out of theirs homes because the temperature is dropping. we see st. francis of sale and church grammar school. up to 10,000 people a day are getting relief from this volunteer grassroots disaster relief operation. they're getting food and coats. i seen children without shoes on. a guy showed up with his two yearly daughter with bronchitis, he didn't want to go back to his house without power and heat. we're seeing lines continue throughout the day. i have got a treat for you, david, and i got a treat for you, sandy. david's son is in th
cost ello. this hour, superstorm sandy has a cruel, cold kitchen following in its footsteps. this new storm is lashing the northeast with snow, rains and wind and hitting the very same areas struggling to recover from last week's devastation. up to eight inches of snow in some areas and power outages from delaware to maine. chewing into the coastline, leaving hundreds of thousands without electricity and heat. rob marciano is on new york's staten island, one of the hardest-hit areas from sandy, where residents now face a whole new set of problems. i just can't imagine the misery there, rob. >> reporter: no. the people that live here, just trying to survive here, they couldn't believe it was happening last night as well. snow was coming down, much more than we anticipated, matter of fact. we got probably four or five inches of it. the sun is trying to break through. the snow is done. that's good. at this time during sandy, the water was up and over my shoulders. homes like this off their foundation f their home was still standing, the bottom floor is completely gutted and brought in ac
winds to the northeast as the region still tries to recover from sandy. a live report from the weather channel. >>> u.s. equity futures are flat at this hour after a big selloff yesterday. a couple individual stock stories that we're watching. apple is in a bear market, down more than 20% from its all time high on september 21st, the day the latest iphone went on sale. apple still enjoys the world's largest market cap. i think maybe yesterday michelle was doing fast money or halftime report or whatever it was and he was talking about you start -- you start shrinking things to make new product or you put out a different color of the ipad. the true innovator already died. every place he went, people were long apple and they already overloved it, so he shorted it at much higher levels. and so far so good. >> got to get that analyst back. >> google was supposed to get there. never made it either. but kind of ugly. >> google probably has a better chance than apple. >> when it had $150 billion market gap, i said it's a gadget company, it can't possibly. so i -- i recuse myself. anyway, qualc
. >>> they've had enough. frustrated victims of hurricane sandy protest against the utility company that can't get their lights on two weeks after the storm. >>> explosion investigation. the search for clues to what caused the deadly blast that damaged or destroyed dozens of homes in an indianapolis neighborhood. >>> and nascar nastiness. brawls break out in the pit during sunday's race after two of racing's biggest stars have a run in on the track. >>> this is the "cbs morning news" for monday, november 12, 2012. >>> good morning. good to be with you. i'm terrell brown. we begin with the resignation of cia director david petraeus. lawmakers want to know if national security was compromised by the extramarital affair that forced him to step down and why they weren't told sooner. it was harassing emails allegedly from petraeus' mistress to another woman that triggered an fbi probe. tara mergener is in washington with details. good morning to you. >> reporter: good morning. jill kelly took her concerns to the fbi several months ago eventually exposing the affair. now congress is demanding more
the cost of the superstorm, sandy. within the last hour, new york's subway has resumed a limited service at least. elsewhere, transport and infrastructure remains is he severely affected. today, 70 people are known to have been killed during the storm. on a visit to one of the worst affected areas, new jersey, president obama promised senior officials in all the affected states, 17 of them, that they have a direct line to his staff at the white house. we have this from new york. >> this island in new jersey, a state that was in the eye of the superstorm. such was the strength of sandy, this boat was tossed into someone's backyard. >> i promise. >> six days before the election, president obama went to see the damage for himself and pledged that the people here wouldn't be forgotten. >> what i can promise you is that the federal government will be working as closely as possible with the state and local officials, and we will not quit until this is done. >> the president's response has earned him compliments from an unlikely source, one of his republican opponents, mitt romney's biggest che
car will have a hard time especially in the northeast. hurricane sandy damaged or destroyed a quarter million cars including those owned by rental companies and are training to keep up with demand. the larger companies plan to honors to reservations but people who walk in and try to rent a car at many location will not get one. coming up next we'll have your weather forecast, and taking a bite out of hostess. talks to save the snack maker fall through. later in sports a college hoops player blows away wilt chamberlain 100-point game, making 138 points. well, inside the brewer, there's a giant staircase. and the room is filled with all these different kinds of coffee. actually, i just press this button. brew what you love, simply. keurig. ♪ ooh baby, can i do for you today? ♪ [ female announcer ] need help keeping your digestive balance? align can help. only align has bifantis, a patented probiotic that naturally helps maintain your digestive balance. try align to help retain a balanced digestive system. try the #1 gastroenterologist recommended probiotic. align. nah, i'm good. ♪
. the immense damage from hurricane sandy forcing an election day scramble. people voting by e-mail and different polling stations and in some cases literally moving the earth to have their voices heard. >> joining us throughout the morning, congressman randy forbes of virginia, delaware governor jack markell, jim clyburn, obama campaign senior adviser david axelrod, bob mcdonald, ted strickland and bob shrum, a democratic consult and the who worked on the kerry and gore campaigns. special election coverage here on cnn begins right now. >>> it is up to the american people right now. good morning and welcome to our special edition of "early start." we have complete 4ri6 coverage of election day 2012. over the past 17 months we've watched two campaign spend a combined $3 billion, two candidates duel it out in three dramatic debates, all trying to win your vote. now more than 1 million campaign commercials later, 1 million campaign commercials later, the polls are opening. voting is beginning in parts of vermont. mitt romney not letting up on this election day. he's added two fina
way here. what impact did sandy, the superstorm that hit a few weeks ago here in the northeast and along the eastern seaboard, what impact? you have new data suggesting the impact it had on the economy. >> you are talking about what could be a manmade disaster. this is a natural disaster. iar worldwide, one of the companies that gauges the insured losses. only insured. doesn't count government. has significantly increased its estimate to $16 to $22 billion from 7 $to 15 billion. that's a little lower on the upper range but about double. they're citing much greater storm damage than originally estimated. and, of course, higher payouts on insured losses. mayor bloomberg just this afternoon also estimated the losses for new york city alone, economic activity and government at $20 billion alone. this may be -- remember, initially it was estimated at $50 billion event. maybe it's more like $75 billion or $100 billion. just a warning to investors, there's a lot of data coming up this week that's affected by sandy. if you take a look tomorrow, durable goods could have a sandy effect i
sandy struck. and a cold snap is setting in to the region and nor'easter is forecast for mid week. more fuel facilities are coming back on on line. hess has restored several terminals. governor christie has imposed an odd/even rule, this is when drivers could get gas to alleviate over the extremely long fuel lines. >>> on the eve of the u.s. elections, the race for the white house couldn't be any teeter. the final "wall street journal" poll of likely voters shows president obama leading mitt rom any by just one percentage point, 48% to 47% margin. polls in many battleground states remain too close to call. a running average of all national polls by real clear politics has the two men between 0.2% of each other. >>> at the same time, romney may not get to label china a currency manipulator if he becomes president because the power to do so doesn't lie with the commander in chief, but with the u.s. treasury secretary. analysts warn that provoking beijing could put bilateral trade at risk. joining us for more, chairman of the asian pacific council at the american chambers of down. steven,
the election of last tuesday, now, thousands of residents and long islanders without power after sandy and people are now protesting utility company's poor response and we're going to get david webb's reaction to this after the break. >> i'm very unhappy because we pie the highest rates in the country and 50 states and lipa has just done terrible, like we don't exist. [ male announcer ] you are a business pro. monarch of marketing alysis. with the ability to improve roi through seo all by cob. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and stl pay the mid-size price. i'm going b-i-g. [ male announcer ] good choice business pro. good choice. go national. go like a o. >> it's inconceivable that we don't have power, but what's really inconceivable we have no answers about what we have to do to restore power. >> people don't have homes, no one knows where to go. the kids lost their sport, lost their activities, they've lost everything and we just want answers. charles: hundreds of people prote
't outline sandy impact because it would be the pull forward in terms of sales in preparation for the hurricane but the books did close prior to sandy so full impact of sandy won't be felt. color expected on the conference call but that could be a key driver going into the last quarter of the year. metrics on the quarter were good. best ticket growth in four years in terms of ticket size. average ticket 54.50. up 2.9% year on year. even below the surface the numbers were really solid for home depot. >> one of the things that blake talked about on the conference call is investment in your home starting to grow faster than gdp? he's used that as yardstick to say we're still not there yet. we're still not there even though he's been doing the numbers. i want to know whether we're there in surpassing it. yesterday there was a good conference call. people didn't like it. i think that was one of those judgments about people saying, you know what? i want to take profit. stocks up 53%. home depot looks like it's not going to fall prey to fiscal cliff profit taking. need to know more.
weakness in europe and the aftereffects of hurricane sandy. cyber attacks against the company are rising dramatically. attacks are becoming more sophisticated in targeting suppliers. if you tell us what for the fourth year in a row nearly 40 million americans hit the road. travelers will feel a little less pain at the pump according to aaa. national average expected to fall 325. hostess is closing three bakeries, the plants located in st. louis, cincinnati and seattle employ more than 600 people. that is today's speed read. you think europe has big economic problems? lookout, financial deputy chief economist and one of our favorite says it is only a matter of time before we head down exactly the same road. find out how soon it is coming next. also, unions dealt a big loss in michigan. a referendum to amend the state constitution prohibiting lawmakers was shot down by voters by huge margin. wait until you see how much. how big of a blow is this to organized labor? find out about that later this hour. and log onto facebook.com/afterthebell, click the like button and tell us what you think
for first time unemployment claims. labor department warns the figures were distorted by superstorm sandy. applications declining in one state because the unemployment office lost power during the storm. sandy pushing up applications in other states because those temporarily out of work sought benefits. martha: you may see some people getting jobs as rebuilding begins on the northeast. here is little perspective on the number since december 2007. here is the chart we look at. weekly jobless claims stayed above 300,000. they spiked back in 2009. we're a long way from that number. economists say weekly claims must consistently fall below 375,000. that is shown by yellow line. we've been bumping along it for a long time. to indicate the job market is truly strong enough to move the economy in the right direction to change the overall unemployment number. lately weekly jobless claims have dipped below the line, averaging 372,000 a week this year. this is the fourth time the claims have been under 360 in the past 4 1/2 years. overall, 5 million americans are collected unemployment benefits. th
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